Mr. Spencer Huh reports

NEO BATTERY MATERIALS APPOINTS DR. JAE HA WOO, EX-GENERAL MOTORS BATTERY RESEARCH ENGINEER, AS NEW CHIEF SCIENCE OFFICER

Neo Battery Materials Ltd. has appointed Dr. Jae Ha Woo as chief science officer (CSO).

Dr. Woo is an expert specializing in the optimization of electrode materials used in lithium-ion batteries, interface modification and all-solid-state batteries (ASSB). His research expertise focuses on the synthesis of silicon anode materials for high-energy batteries in long-range electric vehicles and on interfacial engineering for sulphide-based ASSBs.

Working as a scientific research engineer at General Motors' global research and development centre through Optimal Inc., Dr. Woo participated in research projects regarding nanostructured silicon anode materials with artificial solid electrolyte interphase (SEI), lithium-ion battery performance optimization and electrode material synthesis.

Spencer Huh, president and chief executive officer of Neo, commented: "We are highly excited to appoint Dr. Jae Ha Woo as our new CSO. With an extensive track record in the automotive battery industry, Dr. Woo has substantial interest and motivation to lead Neo's next technology breakthroughs to strike advanced agreements with global testing parties. Further, his high-impact research has led to a major battery materials Nasdaq-listed company licensing his U.S. patent related to ASSBs in which Dr. Woo has received royalties since 2018."

Receiving his PhD in mechanical engineering at the University of Colorado Boulder under the guidance of Prof. Se-Hee Lee, Dr. Woo has published influential literature in international journals such as in Advanced Materials that advanced the field of silicon anodes and ASSBs. Prior to joining Neo Battery Materials, he worked as the lead research engineer at the Gwangju Institute of Green-Car Advancement, collaborating with South Korean EV battery companies for equipment process and battery testing development.

Corporate updates

The company is pleased to announce that Danny Huh has been appointed as senior vice-president of strategy and operations. With a record of helping start-ups and early-stage venture companies to realize and achieve growth, go-to-market and operational strategies, Danny has consulted public and private companies in agricultural technology, pharmaceutical and medical devices, chemical material development, and renewable energy. Danny received his bachelor of commerce in finance and economics from the University of Toronto.

Preceding chief science officer Dr. Basudev Swain will remain working for NBM Korea Co. focusing on special projects and green manufacturing practices. The cmpany announces the resignation of Dr. J.H. Park as director, and the board has accepted his resignation. Neo thanks Dr. Park for his valuable contributions and wishes him success in his future endeavours.

The company is also pleased to announce that Peter Kim has been appointed as senior vice-president of corporate development. Mr. Kim is an experienced management executive, serving in senior leadership positions with small and medium-sized companies over the past 10 years. He has successfully executed merger and acquisition growth objectives, including strategic partnerships, joint ventures, and publicly listing companies in the United States and Canada. Mr. Kim's focused discipline includes corporate development and financing activities through his extensive network of capital markets professionals, including issuers, institutional investors and accredited private investors.

About Neo Battery Materials Ltd.

Neo Battery Materials is a Canadian battery materials technology company focused on developing silicon anode materials for lithium-ion batteries in electric vehicles, electronics and energy storage systems. With a patent-protected, low-cost manufacturing process, Neo Battery enables longer-running and ultrafast-charging batteries compared with existing state-of-the-art technologies. Building the first commercial plant in South Korea, the company aims to be a globally leading producer of silicon anode materials for the electric vehicle and energy storage industries.

We seek Safe Harbor.